sten and kept on buying. The market started to fall apart in autumn of 1929 as prices started to dip sharply. Some bankers bought up stocks to keep up public confidence, but a panic set in on "Black Tuesday" and produced the crash as stocks in many companies became completely worthless:
By 1929 the market had entered a fantasy world. Conservative financiers and brokers who counseled caution were ignored. . . On Tuesday, October 29, the most devastating single day in the market's history, the index dropped another 43 points (Tindall and Shi 1090).
The stock market crash in 1929 was the most shocking financial event in the history of the United States. The event was unique in that stock prices were so high and conditions were such that when prices of securities started to tumble they brought down with them the whole business structure, b
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